Transcript

00:00:01

>> They say all good things take time. But after six months of negotiations between Athens and its lenders, the bailout deal they've reached looks anything but to Greek people.>> Taxes are rising, unemployment is rising. This should have ended a year and a half ago.>> We're very, very upset.

00:00:21

That's all I can say.>> Under the agreement, pensions will be cut in 2019, so too will the tax-free threshold a year later. Its coal units currently owned by the state will also partially be sold. In return Greece gets its fourth bailout to repay billions it owes by July.

00:00:41

The IMF estimates Greek debt as a 179% of GDP, a level it and others warns is unsustainable. It still needs parliamentary approval, which Prime Minister Alexis Tsipras has threatened not to give unless future debt relief is pledged by creditors in Brussels later this month. Six months of negotiations may be over, but that doesn't mean it's a done deal just yet.